SandRidge Permian Trust (NYSE:PER) issued its quarterly earnings data on Tuesday. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. SandRidge Permian Trust had a return on equity of 18.36% and a net margin of 87.40%. The company had revenue of $7.84 million during the quarter.

Shares of SandRidge Permian Trust (PER) traded down 1.72% during midday trading on Thursday, hitting $2.85. The stock had a trading volume of 256,488 shares. SandRidge Permian Trust has a 52 week low of $2.51 and a 52 week high of $4.00. The stock’s 50-day moving average price is $2.93 and its 200 day moving average price is $3.08. The company has a market cap of $149.63 million, a price-to-earnings ratio of 6.13 and a beta of 0.71.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.119 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 16.70%. The ex-dividend date is Wednesday, August 9th. SandRidge Permian Trust’s dividend payout ratio is presently 113.04%.

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About SandRidge Permian Trust

Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.

Earnings History for SandRidge Permian Trust (NYSE:PER)

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